Dear friends, we continue to work to make Russia pay for the war and the murder of Ukrainians
Nowadays, both Ukraine and the world are actively working on implementing mechanisms to ensure compensation for the damage caused by Russia's aggressive war.
However, the procedures are only being created, and there are many difficulties and pitfalls in this process.
In an interview with Forbes, the head of the Institute of International Relations, Tetiana Khutor, spoke about the main obstacles to compensation for war damage, including the confiscation of Russian assets.
‘There are many cases where the defendants’ assets are located in Crimea, but they have no control over them. The question arises whether it was necessary to spend the ministry's resources on this now," said Tetyana Khutor.
According to her, another episode of the not very successful work of the parliament is the draft law No. 8392, which improves the sanctions procedure. In particular, it is about extending the timeframe for consideration of asset confiscation cases. So far, the current legislative loopholes give Russians a chance to challenge the confiscation in international courts.
Another problem is that Ukraine still has no criminal liability for sanctions evasion. MPs have not yet passed the relevant draft law.
"Similar laws already exist in the US and the EU. This could allow us to claim confiscation of assets not only on the territory of Ukraine," said Khutor.
We will soon publish a comprehensive analysis of the situation with sanctions evasion. Follow us on social media so you don't miss it.
Also, don't forget to visit our confiscation tracker - an interactive website that displays up-to-date information on amounts, legislation, court decisions, and political positions of countries on confiscation.